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    Economics Study Set 7
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    Exam 11: Macroeconomic Equilibrium: Aggregate Demand and Supply
  5. Question
    The Steeper Slope of the Aggregate Supply Curve in the Long
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The Steeper Slope of the Aggregate Supply Curve in the Long

Question 27

Question 27

True/False

The steeper slope of the aggregate supply curve in the long run indicates that an increase in aggregate demand will cause an increase in the price level and an even greater increase in output in the long run.

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